About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Print this page

VIETNAM: Corporate Tax Incentives Introduced for Science/Technology Businesses

Science and technology-oriented businesses are to be exempt from corporate income tax (CIT) for four years and then offered a 50% CIT cut for a further nine years. In addition, they will be eligible to pay land and water surface lease fees at reduced rates, as well as to apply for low interest loans from state credit institutions.

In order to qualify, companies must produce or sell goods related to scientific/technological R&D or must constitute investment projects focussed on scientific developments/technological innovation.

Enacted as Decree No.13/2019/ND-CP, the incentives are available from 20 March onwards.

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)